Asset management firm Vaneck has released a report predicting that by 2050, the price of bitcoin could reach $2.90 million per coin, making it a global medium of exchange and reserve currency. The report suggests that bitcoin can settle 10% of global international trade and 5% of domestic trade, with central banks holding 2.5% of assets in the form of BTC. Scalability challenges are worth watching, but layer 2 solutions could enhance adoption.